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Naidan T. is a widow and lives next to her youngest daughter in Ulaanbaatar, the capital city of Mongolia. Her youngest daughter is a high school teacher and a big supporter of her mother's business. Naidan has four other children, who are all married and live with their own families.

Naidan has a small retail business selling women's and men's clothing. She started her business in 2007, right after her retirement. She frequently travels to Ereen, a Chinese border town where products are imported, and buys cheap clothing from wholesalers. She rents a stall in the Norjin Shopping Center, one of the city's large shopping centers, and sells her products. She requests a loan to purchase more imported clothing from Ereen, China.

Additional Information

About XacBank

This loan is being administered through XacBank, a Mongolian for-profit microfinance institution. XacBank is located in every province of Mongolia, reaching some of the most rural micro business clients. With this Kiva loan, there is an opportunity for the entrepreneur to get a savings account including 9% of the interest if they pay back the loan on time. This is a special savings account that XacBank has specifically prepared for the Kiva loan borrowers to promote savings habits.

About Mongolia

  • $5,900
    Average annual income
  • 7
    View loans »
    Mongolia Loans Fundraising
  • $15,432,150
    Funds lent in using Kiva
  • 1,402.5
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $375 helped Naidan to purchase more imported clothing from Ereen, China.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Apr 16, 2009
May 4, 2009
Currency Exchange Loss:
Jun 15, 2009